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    slese1's Avatar
    slese1 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 26, 2007, 09:41 AM
    Using 401K dollars
    I have cashed in my 401K and know I have 60 days to reinvest to avoid penalties. However, I now need surgery and was wondering if I could use some of my 401K money to pay for the surgery and not suffer penalties... is that possible?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 26, 2007, 09:44 AM
    One of the allowable reasons for hardship withdrawal is for medical expenses. So you can use the money for that without paying the 10% penalty. You will still need to pay the taxes though.
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